We look at the history of Social Security, statements made by “candidate” Biden over many years, and potential alternatives for change to the Social Security system. Understanding potential changes may help financial service professionals to better plan for their clients.
Author: Bruce D. Schobel, FSA, MAAA, CLU, CEBS, is a consulting actuary in Winter Garden, Florida, who worked for SSA during 1979 through 1988 and has stayed involved in Social Security matters since then. He was staff actuary to the National Commission on Social Security Reform (the “Greenspan Commission”) that developed the framework for the Social Security Amendments of 1983.
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